SAN DIEGO—The rise to the top takes determination, the willingness to take calculated risks, a lot of luck and helping hands from those around you. So says locally based Paul Komadina, a managing director at CBRE and recently named “SoCal Tomorrow Leader” in the June issue of Real Estate Forum.
“It is a very competitive business but those who work hard, treat people right, and make smart decisions will be treated well,” he says. Komadina, who has been in the business for nine years but has a resume that reads like that of someone twice his years, has a long-term goal of having a national leadership position with CBRE.
Previously a member of CBRE’s successful private capital group, in his current role of managing director of CBRE’s San Diego region, he now oversees the owner/investor business with a focus specifically on office, industrial and retail agency leasing as well as the capital markets division which includes investment properties and debt and structured finance.
Throughout his investment sales career, which lasted eight years, he transacted nearly $750 million in business. Notable transactions included the First International Business Center in Otay Mesa for $51.8 million in 2007, the RREEF San Diego portfolio for $68.5 million in 2006, and the sale of Carmel Valley Centre in Del Mar Heights for $46.5 million in 2013.
He chose a career in Southern California Real Estate because he “wanted to be part of a dynamic business that involved many facets of the economy that would shape the landscape of San Diego for years to come.”
According toKomadina, the SoCal property market continues to evolve at a very rapid pace. “Retail is evolving rapidly as brick and mortar stores shrink their footprints but continue to strive towards providing the customer with a memorable experience,” he says. “The office market evolves as users of office space desire a more open and collaborative space in an effort to recruit and retain the very best talent without compromising the efficiency of its existing employees. As an abundance of capital continues to chase fewer and fewer opportunities, pricing will remain very strong. All appears healthy for the foreseeable future in the SoCal property markets.”
To read more about Komadina and his rise to the top, be sure to check out the June issue of Real Estate Forum.